Are you looking for options on how to inject capital into your SME company? Worried about which bank is right for you? Worry no more, Banco ProCredit is for you. In this article, we will provide you with valuable information that will help you clear up the most frequent doubts: how to save, how to invest, and how to choose a safe bank that truly takes care of your finances in a sustainable manner.
Grupo ProCredit presented the Impact Report 2021, with a positive balance of its global operation in 2021. In line with the global results, Banco ProCredit achieved growth in its loan portfolio of USD 85 million in Ecuador, with which it reached a total portfolio of more than USD 470 million. Its largest placement was in the Small and Medium Enterprise segment, with 58%, followed by the microcredit segment with 34% and private banking with 7%. This reflects the bank's strong commitment to promoting business credit as the engine of economic development and generator of sources of employment in the country.
What do companies invest in?
According to Francisco Nazati, head of Personal Banking at Banco ProCredit, companies usually invest in the acquisition of productive assets, followed by working capital. In this sense, and in line with its sustained policy of environmental management, when the credit is destined to the renewal or acquisition of new equipment, if these have an environmental certification, the bank grants preferential conditions to its clients in order to promote the implementation of practices that contribute positively to caring for the environment.
On the other hand, the loan portfolio for private clients grew around USD 16 million in 2021. The group's report indicates that more than 20% of the growth in the loan portfolio came from green loans, a figure that coincides with Ecuador, a country in which Banco ProCredit granted 1.364 green loans, which represented 94 million dollars. This money was mainly allocated to housing projects and sustainable construction, energy efficiency, recycling and waste management, and certified production.
Flex Save Account Banco Procredit
On the deposit side, the greatest growth was mainly in its Flex Save account, with an increase of more than USD 23 million. Thanks to this financial product, both business and private clients can access unique market conditions in terms of rate, flexibility, and have their money available at any time.
"For this year, our objective is to continue with the same performance in the loan portfolio, mainly focused on business clients, and on the side of private clients our goal is to promote the acquisition of electric vehicles and solar panels, in such a way that both businesses and homes have access to clean energy and contribute to reducing environmental impact.", says Francisco Nazati.
Being a 100% digital bank, its focus in 2021 was to continue strengthening its digital channels so that customers can access it more easily, whether they want to carry out transactions or inquiries. “In 2021 we improved the performance of the mobile APP for our Personal Banking customers, so that they can make national and international transfers with total comfort and security from their cell phone. We also made available to our clients the new ProGreen account that offers not only the benefits of digital banking and zero paper, but also that their deposits can be used to finance projects with a positive environmental approach." assures the representative of Banco ProCredit.
In this way, through their deposits, customers with a ProGreen account encourage the purchase of clean energy and help companies and families access equipment that reduces environmental impact under special conditions. "In other words, this year we went beyond looking for lines from abroad that focus on ECO financing and we put our clients' consideration for their resources to be used for that purpose." Nazati explains.
With this results report, Banco ProCredit confirms its commitment to continue implementing actions that contribute to the economic development of the country and that, in addition, have a direct impact on climate change mitigation.
Maximize your savings, improve your financial future with the help of our advice at Banco Procredit green bank! the German bank in Ecuador, we offer you a wide variety of options to invest your money safely and sustainably. Discover everything this bank has to offer you through our articles on our blog, where you will find expert advice on personal finance, term deposits, savings simulators, how to invest in safe banks, among other topics. Visit us right now and start investing in your financial future!
About ProCredit Bank
Banco ProCredit is a member bank of the German Financial Group ProCredit, which has been operating in Ecuador since 2001, aimed at contributing to the development of the country through the financial system. The Bank, which has an AAA- risk rating from BankWatch Ratings and PCR, offers a specialized service for companies, as well as a direct banking model that encourages savings for private clients. The institution governs its operations by essential principles such as transparency and simplicity in its services, the advisory approach to its clients and the sustainability of its commercial activities.
For more information go to www.bancoprocredit.com.ec
